A state Senator from Kentucky has filed a new bill that would seek to remove sales tax on the purchase of gold and silver within the state.

Scheduled for early 2017, bill BR156 is being used as an initial stage for gold and silver to become currency again within the state of Kentucky, and to promote its purchase and use by its citizens.

A Kentucky bill prefiled for the 2017 session would remove
sales taxes from the purchase of gold and silver, encouraging its use and
taking the first step toward breaking the Federal Reserve’s monopoly on money.

Sen. John Schickel (R-Union) prefiled BR156 on
Oct. 11. The legislation would exempt bullion or currency purchases from state
sales tax. This would include gold, silver, platinum, or palladium bars, ingots
or commemorative medallions for which the value depends on its metal content,
not its form. It would also exempt coins or currency made of gold silver or
other metals paper currency used as legal tender.

Under the proposed legislation, the exemption would remain
in place for five years.

Imagine if you asked a grocery clerk to break a
$5 bill and he charged you a 35 cent tax. Silly, right? After all, you were
only exchanging one form of money for another. But that’s essentially what
Kentucky’s sales tax on gold and silver does. By removing the sales tax on the
exchange of gold and silver, Kentucky would treat specie as money instead of a
commodity. This represents a small step toward reestablishing gold and silver
as legal tender and breaking down the Fed’s monopoly on money. – Activist Post